Approximate the Variance and Standard Deviation of a Variable from Grouped

question 49

Multiple Choice

Approximate the Variance and Standard Deviation of a Variable from Grouped Data
-For the following data set, approximate the sample standard deviation of unused vacation days . $\begin{array}{c|c}\text { Days } & \text { Frequency } \\\hline 1-2 & 9 \\3-4 & 22 \\5-6 & 28 \\7-8 & 15 \\9-10 & 14\end{array}$

• A) \(2.4\) days
• B) \(5.5\) days
• C) \(3.5\) days
• D) \(5.9\) days

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Definitions:

Return on Total Assets

A financial ratio that measures a company's ability to generate earnings from its assets, indicating the effectiveness of asset use.

Net Income

Net Income is the total earnings of a company after subtracting all expenses, including taxes and costs, from its total revenue, reflecting the company's profitability.

Average Total Assets

An indicator of a company's operational efficiency, calculated as the average of the total assets over a specific period.

Solvency

The ability of an entity to meet its long-term financial obligations and continue operations into the foreseeable future.